Business Systems definition
Examples of Business Systems in a sentence
The Company and each of the Subsidiaries have purchased a sufficient number of licenses for the operation of their Business Systems that constitute Company IP Rights as currently conducted or as contemplated to be conducted as of the date hereof.
To the Company’s knowledge, there is no Disabling Device in any of the Business Systems constituting Company Registered IP.
To the Company’s knowledge, since January 1, 2024, there has not been any failure with respect to any of the Business Systems that has not been remedied or replaced in all respects.
The Company and the Subsidiaries have each implemented physical, technical, organizational and administrative data security safeguards designed to protect the security and integrity of the Business Systems constituting Company Registered IP and any Business Data, including where applicable, implementing industry standard procedures designed to prevent unauthorized access and the introduction of Disabling Devices, and the taking and storing on-site and off-site of back-up copies of critical data.